Name | Value |
---|---|
Revenues | 52.5M |
Cost of Revenue | 0.0M |
Gross Profit | 52.5M |
Operating Expense | 0.3M |
Operating I/L | 36.8M |
Other Income/Expense | -4.8M |
Interest Income | 63.8M |
Pretax | 14.9M |
Income Tax Expense | 2.8M |
Net Income/Loss | 12.1M |
Financial Institutions, Inc. is a holding company for Five Star Bank, offering a range of banking and financial services in New York. The company provides checking and savings accounts, loan products for businesses and individuals, personal and commercial insurance, and financial services such as investment advisory and wealth management. It also operates a real estate investment trust holding residential mortgages and commercial real estate loans. With a network of 48 banking offices across New York, the company generates revenue through interest income from loans, fees from banking services, and premiums from insurance products.